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REGISTERED NUMBER: 05134673 (England and Wales)















Protection Through Knowledge Limited

Unaudited Financial Statements for the Year Ended 31st May 2023






Protection Through Knowledge Limited (Registered number: 05134673)

Contents of the Financial Statements
for the Year Ended 31st May 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Protection Through Knowledge Limited

Company Information
for the Year Ended 31st May 2023







DIRECTOR: A J Fasey





REGISTERED OFFICE: 2 Oriel Court
Omega Park
Alton
Hampshire
GU34 2YT





REGISTERED NUMBER: 05134673 (England and Wales)





ACCOUNTANTS: Sheen Stickland
Chartered Accountants
2 Oriel Court
Omega Park
Alton
Hampshire
GU34 2YT

Protection Through Knowledge Limited (Registered number: 05134673)

Balance Sheet
31st May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 880,000 880,000
880,000 880,000

CURRENT ASSETS
Debtors 6 520 621
Cash at bank 6,694 9,361
7,214 9,982
CREDITORS
Amounts falling due within one year 7 24,186 21,138
NET CURRENT LIABILITIES (16,972 ) (11,156 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

863,028

868,844

CREDITORS
Amounts falling due after more than
one year

8

(240,751

)

(237,154

)

PROVISIONS FOR LIABILITIES 10 (36,500 ) (27,800 )
NET ASSETS 585,777 603,890

Protection Through Knowledge Limited (Registered number: 05134673)

Balance Sheet - continued
31st May 2023

2023 2022
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 1 1
Fair value reserve 11 169,237 177,937
Retained earnings 11 416,539 425,952
SHAREHOLDERS' FUNDS 585,777 603,890

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 16th February 2024 and were signed by:





A J Fasey - Director


Protection Through Knowledge Limited (Registered number: 05134673)

Notes to the Financial Statements
for the Year Ended 31st May 2023


1. STATUTORY INFORMATION

Protection Through Knowledge Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" (FRS102 Section 1A) and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

It is the intention of the director that the company will be wound up when appropriate arrangements can be made.

The financial statements have been prepared on the going concern basis as in the opinion of the director the value of the assets and liabilities would not be materially different if the financial statements were to be prepared on any other basis.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost

Investment properties
Investment properties are included at fair value. Gains or losses on revaluation are recognised in the profit and loss account. Deferred taxation is provided on any gains at the rate expected to apply when the properties are sold.

Gains on revaluation, less any reversal of earlier gains, are transferred to a fair value reserve.

Realised gains or losses when the properties are sold are transferred from the revaluation reserve to the profit and loss account.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Protection Through Knowledge Limited (Registered number: 05134673)

Notes to the Financial Statements - continued
for the Year Ended 31st May 2023


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1st June 2022
and 31st May 2023 12,042
DEPRECIATION
At 1st June 2022
and 31st May 2023 12,042
NET BOOK VALUE
At 31st May 2023 -
At 31st May 2022 -

Protection Through Knowledge Limited (Registered number: 05134673)

Notes to the Financial Statements - continued
for the Year Ended 31st May 2023


5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st June 2022
and 31st May 2023 880,000
NET BOOK VALUE
At 31st May 2023 880,000
At 31st May 2022 880,000

The investment property was valued as at 31st May 2023 on an open market value by A Fasey, which is deemed to be equivalent to fair value.

The historical cost of the investment property as at 31st May 2023 was £674,262 (2022 - £674,262).

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Prepayments and accrued income 520 621

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 14,055 13,782
Trade creditors 1,224 -
Corporation Tax 607 2,240
Accrued expenses 8,300 5,116
24,186 21,138

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans repayable in two to five
years

47,620

60,529
Bank loans repayable by instalments in
more than five years

-

2,787
Shareholder's loan account 193,131 173,838
240,751 237,154

Protection Through Knowledge Limited (Registered number: 05134673)

Notes to the Financial Statements - continued
for the Year Ended 31st May 2023


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2023 2022
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans repayable by instalments in
more than five years

-

2,787

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 61,675 77,098

The bank loans are secured over the investment properties to which they relate.

10. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 36,500 27,800

Deferred
tax
£   
Balance at 1st June 2022 27,800
Provided during year 8,700
Balance at 31st May 2023 36,500

Protection Through Knowledge Limited (Registered number: 05134673)

Notes to the Financial Statements - continued
for the Year Ended 31st May 2023


11. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1st June 2022 425,952 177,937 603,889
Deficit for the year (6,113 ) (6,113 )
Dividends (12,000 ) (12,000 )
Transfer 8,700 (8,700 ) -
At 31st May 2023 416,539 169,237 585,776